Skip the After Christmas Sale in Nokia Shares

The cell phone maker's stock is falling again as retailers slash prices on its Windows-based devices.

Nokia's Lumia smartphone is little more than a month old, but it is already selling at a discount. And while Nokia's stock may also appear to be bargain priced, we don't think it's a great deal.

According to a report by The Wall Street Journal, some models of Nokia's (ticker: NOK) Lumia smartphone, which runs Microsoft's (MSFT) Windows 8 software, are now selling at preholiday-price points. Consumers can buy the Lumia 920 for $39 with an AT&T (T) contract via Amazon (AMZN), down from its introductory price of $99,...